Joe Biden's Net Worth

Joe Biden's Net Worth

By Joseph White

Published July 8, 2024

Joe Biden's Net Worth
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Joe Biden has been a long and distinguished player in American politics. He is still serving as the 46th president of the United States, and prior to that, he represented the state of Delaware in the U.S. Senate for over three decades. Over the years, he has been quite focused on issues related to criminal justice, health care, and foreign relations, which has helped him gain quite some influence over the entire country.

 

Beyond the political side, Joe, along with his wife Jill Biden, has been actively engaged in various philanthropic endeavors, which have quite well portrayed his lifelong commitment to making a positive impact on society and addressing all the ongoing critical issues going on in the U.S.

Net Worth$10 Million (est.)
Salary$400,000
Date of BirthNov 20, 1942 (80 years old)
Place of BirthScranton
GenderMale
Height6 ft (1.83 m)
ProfessionLawyer, Politician
NationalityUnited States of America
No. of Houses3
No. of Cars4

What is Joe Biden’s Net worth?

Throughout his years in the Senate and later as President of the U.S., Joe Biden has earned quite a handsome amount of wealth. Till now, he has earned the highest sum of money through the book deals of his autobiography in 2017, standing at $11.1 million. Alongside that, he has garnered around $6.4 million solely through public speaking during various campaigns.

 

Beyond that, not much is known if there are any other sources of his income, as the details currently remain classified.


What is Joe Biden’s claim to fame?

Joe Biden has been affiliated to the Democratic Party since 1969.

Joe Biden's journey towards fame began with becoming the youngest Senator in U.S. history, elected at just the age of 30 in 1972. Slowly, he went on to chair the key Senate committees alongside the Judiciary and Foreign Relations, which shaped the policies on foreign affairs and crimes.

 

His tenure as Vice President (2009–2017) further shed the spotlight on him, overseeing various initiatives like the economic stimulus during the Great Recession and the Affordable Care Act. However, he gained the most popularity and influence after winning the 2020 U.S. elections, marked by a record voter turnout.


What is Joe Biden's main source of income?

The main source of Joe Biden's income seems to be his salary. However, he is also known to have a few other sources. Down below is a detailed list of his main sources of income.

 

  • Presidential Salary: Joe Biden, after becoming President of the United States, earns an annual salary of around $400,000. It also currently stands as his main source of income.

 

  • Book Deals: Aside from politics, Joe Biden has also been quite fond of writing books, and as of now, he has earned over $10 million from his memoir “Promise Me, Dad” and other writings.

 

  • Public Speaking: Public speaking has been the biggest source of income for Joe Biden over the years, and as of now, he has garnered over a whopping $15 million solely from it.

 

Beyond these few income sources, Biden is also known to have some others; however, no other specific details have been publicly disclosed as of yet.


How does Joe Biden spend his wealth?

 

Joe Biden is not a big money spender, and this can be seen from his investments in real estate and cars, which is rather humble for such a renowned individual. Below is a list of the assets that have been publicly disclosed.

 

How many houses did Joe Biden own?

Biden is known to own various estates across the U.S. However, he has never been that keen on sharing many details about his properties, which is why not much is known about them.

 

  • Wilmington Mansion, Delaware: This mansion also served as his main residence before he moved to the White House after getting elected as president. It is a 6,850-square-foot mansion that currently holds a value of around $2.7 million.

 

  • Main Residence, Greenville, Delaware: This house was purchased by Biden in 1966 for approximately $350,000, and currently its value stands somewhere around $1–2 million. 

 

  • The Summer Escape—Rehoboth Beach, Delaware: This house is yet another property in Delaware that comes with a price tag of $2.74 million. It offers a serene view of the ocean and has private beach access.

How big is Joe Biden’s car collection?

Joe Biden's garage is known to shelter some of the coolest antique cars in his garage, from a classic Plymouth to another classic Studebaker. Have a brief look at his car collection.

 

  • 1952 Plymouth Cranbrook Convertible: Joe Biden owns a red-colored Plymouth Cranbrook Convertible, which he bought for around $2,344.

     

  • 1958 Mercedes-Benz 190 SL (Super Leicht) Roadster: It is one of the most iconic cars of its time, and Joe Biden owns one. He might not take it out for rides, but he keeps it well-preserved in garages. 

     

  • 1967 Chevrolet Corvette Stingray C2: A car that was gifted to Joe by his father at the time of his marriage, this car is the closest one to his heart and is one of his most eye-catching cars.

     

  • 1951 Studebaker Champion: The Studebaker Champion was quite a popular car in the early 50s; it was the first car that Biden had ever owned, which cost him around $20,000.

What are Joe Biden’s charitable contributions?

 

Biden has also been known to teach constitutional law at teh Widener University in Delaware.

 

Joe Biden's charitable contributions quite literally reflect his commitment to numerous causes. He has a history of doing various philanthropic events throughout his career, and apart from that, he also has his own organization that helps the needy. Below are some of the most significant contributions made by Biden.

 

  • Religious Organizations: Biden has donated around $20,000 to various Catholic churches and other religious organizations around the U.S. since 2022.

 

  • Veteran and Military Family Support: To support various veterans and military families around the U.S., Biden has been historically donating $100,000 annually as an aid to the veterans and the military family.

 

  • Healthcare: He has been donating significant amounts of money to various healthcare-related causes, including his most recent one for cancer research, which stands at a total of $10,000 annually.

 

These are some of the contributions that highlight Joe Biden's dedication to addressing a diverse range of societal needs through his philanthropic endeavors. 


What’s Next for Joe Biden?

 

Joe Biden is currently quite focused on the 2024 U.S. elections and has been mustering up his economic plans for his campaign. From building more houses across the country to lowering the cost of prescribed drugs, a major part of it is about helping the middle class.

 

Beyond that, Biden has not revealed much about his future plans, as he is currently focused on winning the election and will further lay out his plans for the future once the results come out.


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FAQs

When did Biden take office?

Joe Biden was sworn into office on January 20, 2021.

When did Joe Biden make the run for presidential elections for the first time?

Joe Biden made the run for his first presidential elections back in 1989, but later he dropped out because of plagiarism scandal.

What were some of Joe Biden's climate change initiatives?

During his term as a Vice President, Biden supported the Paris Agreement and also advocated for climate change policies.

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